Published: 10 September 2018

Industrial output grew in July year-on–year but decreased from previous month

Seasonally adjusted industrial output (TOL BCD) decreased by 1.1 per cent in July from the month before. According to Statistics Finland, industrial output adjusted for working days was 3.3 per cent higher in July 2018 than in July 2017. Adjusted for working days, industrial output went up by 4.4 per cent in January to July from one year back.

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/07

Trend and seasonally adjusted series of industrial output (BCD), 2007/01 to 2018/07

Seasonally adjusted output went down by 1.1 per cent in July from the month before. In June, seasonally adjusted output went up by 1.6 per cent from May.

Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008

Seasonally adjusted change in industrial output (BCD) from previous month, %, TOL 2008

Examined by main industry, seasonally adjusted industrial output grew most in July in the electricity, gas, steam and air conditioning supply, by 9.6 per cent. In the chemical industry, output grew by 1.7 per cent from June. Seasonally adjusted industrial output fell most, by 5.8 per cent, in mining and quarrying. In the metal industry, output decreased by 3.2 per cent. In the food industry, seasonally adjusted output declined by 0.5 per cent from June.

Seasonal adjusted change in industrial output by industry, 06/2018 to 07/2018, %, TOL 2008

Seasonal adjusted change in industrial output by industry, 06/2018 to 07/2018, %, TOL 2008

Revised data for July 2018 will be published at 9 am on 10 October 2018 in connection with the release of industrial output data for August 2018. The revision is influenced by the estimation used in the latest release, which concerns the Tax Administration's data on self-assessed taxes used for enterprises with fewer than 50 employees. Because of the method used, seasonally adjusted figures for previous months may change even if the original figures do not become revised. The seasonally adjusted figures will also be adjusted for working days.


Source: Volume Index of Industrial Output 2018, July. Statistics Finland

Inquiries: Kari Rautio 029 551 2479, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 10.9.2018

Referencing instructions:

Official Statistics of Finland (OSF): Volume index of industrial output [e-publication].
ISSN=1798-9272. July 2018. Helsinki: Statistics Finland [referred: 25.9.2018].
Access method: http://www.stat.fi/til/ttvi/2018/07/ttvi_2018_07_2018-09-10_tie_001_en.html